$920,000
Est. $4,310/mo mortgage
870 Queens Avenue · London East, N5W 3H6
MLS® X12979630
Listed Apr 9, 2026
Listing courtesy of The Agency Real Estate·Updated Sep 15
Description
Projected future rents for the triplex are estimated at $2,200/month for the upper level, $1,800/month for the ground level, and $1,500/month for the basement unit, resulting in an approximate annual Net Operating Income (NOI) of $57,000; tenants pay hydro, as all units are separately metered. Interior photos taken before current tenants moved in, come see the potential in person.
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Property details
Interior
- Interior
- 1500-2000 sqft
- Rooms
- 6 rooms · 3 kitchens
- Bathrooms
- 1 × 4-piece on Basement, 1 × 4-piece on Main, 2 × 6-piece on Second
- Basement
- Finished, Full
- Heating
- Forced Air
- Cooling
- None
Building & lot
- Type
- Triplex, 2-Storey
- Lot size
- 34 × 90 ft
- Exterior
- Brick Front
- Foundation
- Concrete Block
- Roof
- Asphalt Shingle
- Water & sewer
- Sewer
Parking
- Driveway
- Private (3 spaces)
- Parking
- 3 spaces
Fees & taxes
- Property tax
- $5,544/yr (2025)
Location & neighbourhood
DirectionsLondon East, ON
Expansive east London district with parks and a wide range of affordable to mid-range housing.
Monthly paymentest. $5,306/mo all in
Monthly payment estimate
Land transfer tax$14,875 on closing
Ontario LTT
$14,875
First-time rebate
−$4,000
First-time buyer rebate of up to $4,000 may apply. Consult a lawyer for eligibility.
Price & listing history
Listed Apr 9, 2026
Earlier listings for this property are shown to registered users under our VOW agreement with LSTAR.
Sold comparables nearby
Sold$342,000
720 Queens Avenue, London East
Sold$200,000
92 Rectory Street, London East
See what these 6 homes sold for
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Market conditionsBuyer's market in London East
Homes here are selling below asking. Based on 6 sales in the last 90 days, at an average of 93.4% of asking.
Avg. sold price
$424,500
Sale-to-list ratio
93.4%
Based on 6 recent comparable sales near this home.
Affordabilityneeds $223,000 household income
Minimum household income required
$223,000
Based on 20% down, a 7.07% qualifying rate (the 5.07% contract rate plus two points), 25 year amortization and a 32% GDS ratio. Rounded to the nearest thousand.
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Your advisor
Oak and Key Real Estate Brokerage Inc.
Colin Abbot
Broker
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